ALJ Releases Third Quarter Revenue Performance

July 3, 2008

For the nine months ended June 30, 2008, ALJ (Pink Sheets:ALJJ) posted revenue of $133.4 million as compared to revenue of $111.3 million for the nine months ended June 30, 2007. For the quarter ended June 30, 2008, the revenue was $51.1 million as compared to revenue of $37.5 million for the quarter ended June 30, 2007. ALJ is the parent company of KES Acquisition Company dba Kentucky Electric Steel, the owner and operator of a steel mini-mill near Ashland, Kentucky.

In a separate development, the ALJ Chief Financial Officer, Don Reisenberg, has elected to resign but remain on the Board of Directors. He has been replaced by Rob Christ.